First Trust Mortgage Income Fund Balance Sheet Health
Financial Health criteria checks 2/6
First Trust Mortgage Income Fund has a total shareholder equity of $49.4M and total debt of $2.8K, which brings its debt-to-equity ratio to 0.01%. Its total assets and total liabilities are $60.6M and $11.2M respectively.
Key information
0.006%
Debt to equity ratio
US$2.81k
Debt
| Interest coverage ratio | n/a |
| Cash | US$2.06m |
| Equity | US$49.40m |
| Total liabilities | US$11.21m |
| Total assets | US$60.60m |
Recent financial health updates
No updates
Recent updates
First Trust Mortgage Income Fund declares $0.055 dividend
Feb 22First Trust Mortgage Income Fund declares $0.055 dividend
Jan 23First Trust Mortgage Income Fund declares $0.055 dividend
Dec 20First Trust Mortgage Income Fund declares $0.055 dividend
Oct 20First Trust Mortgage Income Fund declares $0.055 dividend
Sep 20First Trust Mortgage Income Fund declares $0.055 dividend
Aug 22First Trust Mortgage Income Fund goes ex dividend tomorrow
Jul 29First Trust Mortgage Income Fund declares $0.06 dividend
Dec 21First Trust Mortgage Income Fund declares $0.06 dividend
Nov 19Financial Position Analysis
Short Term Liabilities: FMY's short term assets ($861.7K) do not cover its short term liabilities ($11.2M).
Long Term Liabilities: FMY's short term assets ($861.7K) exceed its long term liabilities ($1.1K).
Debt to Equity History and Analysis
Debt Level: FMY has more cash than its total debt.
Reducing Debt: FMY's debt to equity ratio has increased from 0% to 0.01% over the past 5 years.
Debt Coverage: Insufficient data to determine if FMY's debt is well covered by operating cash flow.
Interest Coverage: Insufficient data to determine if FMY's interest payments on its debt are well covered by EBIT.